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Thursday, 06/09/2022 8:35:47 AM

Thursday, June 09, 2022 8:35:47 AM

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“5:00a ET 6/9/2022 - Globe Newswire
Jourdan Announces First of Eighteen Drillhole Assay Results with Li2O Grades

EQNX::TICKER_START (TSX-V:JOR),(OTC US:JORFF),(Other OTC:JORFF),(Boerse Stuttgart - Freiverkehr:2JR1), EQNX::TICKER_END JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF, FRA: 2JR1) ("Jourdan" or the "Company") is pleased to publish the first assay results of its winter 2022 drilling campaign on its flagship Vallee project, which is located north of Val-d'Or in Quebec, Canada. The results are from the first hole VAL22-2-6 and shows multiple lithium grading zones.

Highlights*:

Drill hole From (m) To (m) Length Li2O (%)VAL22-2-6 26.9 30.1 3.2 1.56Including 28 29 1 1.92VAL22-2-6 143.1 144 0.9 0.97VAL22-2-6 160.85 164.7 3.85 1.04Including 162.8 163.8 1 1.66
*drill core width only, does not represent true width

As mentioned in a press release dated May 24, 2022, the Company has completed its previously announced diamond drilling program, with 3,629m drilled by May 2022. The Company has now received the first assay results from the program and awaits further assays from the program in which every hole showed multiple intersections of spodumene-bearing pegmatite.

All 18 of its 2022 winter drilling campaign have intersected the new spodumene-bearing pegmatite swarm on its Vallee property at a previously underexplored eastern extension, which had not been exposed by the North American Lithium mine to the west of Vallee (see Fig. 1).

Since restarting drilling in September 2021, Jourdan has drilled 26 drillholes, all of which intercepted multiple spodumene-bearing pegmatite dykes.

Jourdan's Executive Chairman, Dr. Andreas Rompel, stated, "These first results confirm the consistency of the grade intersected during last year's campaign and the sampling results of the bulk sample. We are keenly looking forward to receiving the next results of all the boreholes recently drilled and assayed."

The now completed drill program was conducted by Forage Hebert from Amos, Quebec, under the supervision of Alex Belo, Geologue Inc. (ABG Exploration) of Amos, Quebec.

The Company's now completed diamond drilling program of 3,629m was intended to follow up on the results of a bulk sample collected in 2018 and the fence line drilled in 2011 and 2021 along the western side of the Company's Vallee property, which borders the North American Lithium mine. As anticipated, the drilling program substantially extended the known deposit at the Company's Vallee property eastwards. Since February 2022, 18 holes of approximately 200m depth have been drilled, each aimed at the pegmatite swarm identified by the trenching of the bulk sample collected on the Vallee property in 2018. The assay results from the bulk sample revealed high Li2O grades (for more information, please see the Company's press release dated April 29, 2021, which is available under the Company's SEDAR profile at www.sedar.com), which have encouraged the Company to continue exploration and exploratory drilling along the strike and depth extents of its Vallee property.

Jourdan has significantly enlarged its database by adding more drillholes since the start of the exploration work in 2011. The 2011 drilling comprised 21 drillholes (4,256m), the 2021 campaign consisted of eight drillholes (1,680m) and with the completed 3,629m in 2022, Jourdan has more than 9,490m (47 holes) of core that the Company intends to use in the future to establish an initial mineral resource estimate.

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Alexandr Beloborodov, P.Geo., an independent consultant that is a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.”

my posts are always theory and not financial advice